FOX News correspondent Peter Doocy examines president-elect s stimulus plan on Special Report
Can Uncle Sam tax, spend, borrow and print money to return America to prosperity? President-elect Joe Biden’s American Rescue Plan, announced Thursday night, makes a $1.9 trillion bet that we can.
The Biden plan is almost a replay except with more than twice the price tag of the strategy that President Barack Obama and then-Vice President Biden employed in 2009 with their $900 billion stimulus bill. Even by Obama’s own numbers, that bill led to hundreds of thousands of fewer jobs than if we had done nothing.
So now here we go again with a second kick of the mule. Actually, it is the third, fourth or fifth kick. Trump and Congress have already approved nearly $3 trillion on pandemic spending. The Biden proposal would bring the total spending for the pandemic to about $5 trillion.
dana: let me have you look at this fox voter analysis poll. voters were looking at the issues in virginia the most important being healthcare and the economy. going on to new jersey, the taxes and, of course, it s new jersey. corruption in government. and then virginia voters feelings about the health care law was that it didn t go far enough. and so mack what does that say to you about the policy, policies going forward. ralph northam voted for george w. bush twice. he s not the type of far left candidate that a lot of people the democratic party kind of like, the bernie sanders type. i think josh nailed it in terms of turnout. energy is clearly on the democratic side. fact that josh made the point that there was a substantial republican turnout as well i think underscores the fact that the energy is on the democratic side. i think dana it suggests there was a return to responsible candidate. i think that won the day. it also suggests that president
election, he is an independent who broke with the socialist. they ve got their bernie sanders type, a candidate who is also an outsider who is threatening 100% taxation, and he s been we will see how that shakes out after the primary. it looks like two outsiders who will be the leading candidates. martha: why do you think president obama is inserting himself and supporting macron? i do think, martha, that president obama should come home. i think we need him. he is the leading voice of the democratic dissent. and i would love to see him advise candidates in pennsylvania instead of paris. martha: okay. mark, jason? final thoughts? yeah. you know, his endorsement of hillary clinton didn t work out all that well either. i don t know if he s had an impact here on the elections here or at home. i think barack obama s brand of liberalism is out of vogue in the united states and in europe. and he is going to be defeated
election, he is an independent who broke with the socialist. they ve got their bernie sanders type, a candidate who is also an outsider who is threatening 100% taxation, and he s been we will see how that shakes out after the primary. it looks like two outsiders who will be the leading candidates. martha: why do you think president obama is inserting himself and supporting macron? i do think, martha, that president obama should come home. i think we need him. he is the leading voice of the democratic dissent. and i would love to see him advise candidates in pennsylvania instead of paris. martha: okay. mark, jason? final thoughts? yeah. you know, his endorsement of hillary clinton didn t work out all that well either. i don t know if he s had an impact here on the elections here or at home. i think barack obama s brand of liberalism is out of vogue in the united states and in europe. and he is going to be defeated